LSV Asset Management lessened its holdings in shares of Entergy Co. (NYSE:ETR) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,307,637 shares of the utilities provider’s stock after selling 46,933 shares during the quarter. Entergy accounts for approximately 1.0% of LSV Asset Management’s portfolio, making the stock its 18th largest position. LSV Asset Management owned about 3.48% of Entergy worth $542,898,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in shares of Entergy by 176.4% in the 4th quarter. CWM LLC now owns 445 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 284 shares in the last quarter. First Interstate Bank grew its stake in shares of Entergy by 37.8% in the 4th quarter. First Interstate Bank now owns 1,191 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 327 shares in the last quarter. Reilly Financial Advisors LLC grew its stake in shares of Entergy by 2,488.1% in the 4th quarter. Reilly Financial Advisors LLC now owns 2,174 shares of the utilities provider’s stock worth $187,000 after acquiring an additional 2,090 shares in the last quarter. NuWave Investment Management LLC grew its stake in shares of Entergy by 3,025.7% in the 4th quarter. NuWave Investment Management LLC now owns 2,188 shares of the utilities provider’s stock worth $188,000 after acquiring an additional 2,118 shares in the last quarter. Finally, Segment Wealth Management LLC bought a new stake in shares of Entergy in the 3rd quarter worth $202,000. Institutional investors and hedge funds own 93.97% of the company’s stock.

Several analysts have recently issued reports on ETR shares. Citigroup upped their target price on shares of Entergy from $88.00 to $89.00 and gave the stock a “buy” rating in a research note on Wednesday, October 17th. Bank of America upped their target price on shares of Entergy from $91.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research reiterated a “strong-buy” rating and issued a $97.00 target price on shares of Entergy in a research note on Tuesday, November 13th. ValuEngine upgraded shares of Entergy from a “hold” rating to a “buy” rating in a research note on Friday, December 21st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $91.00 target price on shares of Entergy in a research note on Wednesday, January 23rd. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $89.88.

In related news, Chairman Leo P. Denault sold 42,477 shares of the stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $86.47, for a total transaction of $3,672,986.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrew S. Marsh sold 8,000 shares of the stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $88.14, for a total transaction of $705,120.00. Following the transaction, the chief financial officer now owns 76,343 shares of the company’s stock, valued at approximately $6,728,872.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 101,527 shares of company stock valued at $8,928,201. 0.25% of the stock is owned by company insiders.

ETR opened at $90.91 on Monday. The stock has a market cap of $16.45 billion, a P/E ratio of 12.63, a P/E/G ratio of 2.42 and a beta of 0.39. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.64 and a quick ratio of 0.49. Entergy Co. has a fifty-two week low of $72.14 and a fifty-two week high of $90.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Thursday, February 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, February 13th. This represents a $3.64 annualized dividend and a yield of 4.00%. Entergy’s payout ratio is currently 50.56%.

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Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and distribution of electricity in the United States. It generates electricity through gas/oil, nuclear, coal, hydro, and solar power sources. The company's Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and distributes natural gas.

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Institutional Ownership by Quarter for Entergy (NYSE:ETR)

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